Getting your player ready...
WASHINGTON — Mortgage rates fell for the second straight week to the lowest point in five decades. But many people either don’t qualify for new mortgages or have already taken advantage of the low rates this year.
As a result, the housing market and the broader economy may not benefit much from the lower rates. The average rate on a 30-year fixed-rate mortgage dropped to 4.57 percent this week, mortgage company Freddie Mac reported Thursday.
